Feasibility and optimality of the initial capital stock in the Ramsey vintage capital model

DOI10.1016/j.jmateco.2014.03.005zbMath1297.91110OpenAlexW3125581051MaRDI QIDQ2452212

Franklin Gamboa, Wilfredo Leiva Maldonado

Publication date: 2 June 2014

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jmateco.2014.03.005

zbMATH Keywords

dynamic programmingvintage capitaltechnological innovation

Mathematics Subject Classification ID

Dynamic programming (90C39) Economic growth models (91B62)

Cites Work

• Investment in vintage capital
• The optimal economic lifetime of vintage capital in the presence of operating costs, technological progress, and learning
• Solving optimal growth models with vintage capital: The dynamic programming approach
• Anticipation echoes in vintage capital models
• Vintage capital, investment, and growth
• The optimal lifetime of capital equipment
• Replacement and the rental value of capital equipment subject to obsolescence
• Creative destruction, investment volatility, and the average age of capital
• Replacement echoes in the vintage capital growth model
• Numerical solution by iterative methods of a class of vintage capital models
• Vintage capital and the dynamics of the AK model
• The Technology Cycle and Inequality
• Optimal control of Solow vintage capital model with nonlinear utility

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